Technology

Allegro Microsystems : ALGM

ALGM

Stock Data

$42.47

$0.05 (0.12%)

Asset Type

Common Stock

Exchange

NASDAQ

Currency

USD

Country

USA

Sector

TECHNOLOGY

Industry

SEMICONDUCTORS

Allegro MicroSystems specializes in creating sensor integrated circuits (ICs) and analog power ICs for energy-efficient and motion control systems. Their product lineup features magnetic sensor ICs for position, speed, and current measurement, alongside power ICs like motor drivers and LED drivers, as well as photonic and 3D sensing components. Primarily serving the automotive and industrial sectors, Allegro sells worldwide through a mix of direct sales, distributors, and representatives. Founded in 1990, the company is based in Manchester, New Hampshire, and operates as a subsidiary of Sanken Electric Co., Ltd.

Latest Activity

ALGMAllegro MicroSystems

Q1 2027

Jul 30, 7:07am ET

EPS

$0.23

est $0.21+8.8%

Revenue

$259M

est $252M+3.0%

Allegro MicroSystems crushed Q1 with an 8.8% EPS beat as data center demand hit record 17% of sales, signaling the semiconductor maker's growing footprint in AI infrastructure alongside electrified vehicles. Industrial and Other segment surged 59% year-over-year while management guided Q2 revenue to grow 26% year-over-year at the midpoint.

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All Allegro Microsystems Articles

3 Articles

Trey Thoelcke | Aug 14, 2024 at 9:15 AM EDT

Prediction: This Semiconductor Stock Will Be the Best Performer the Rest of 2024

Nervous investors may be wondering if semiconductor stocks are still a good bet for the rest of this year. Wall…

Paul Ausick | Feb 14, 2022 at 8:13 AM EST

Monday’s 10 Premarket Winners and Losers Include Duke Energy, Moderna and Splunk

Stocks started off lower in Monday's premarket but were nearing a break-even start to regular trading.

Chris Lange | Jun 30, 2021 at 9:20 AM EDT

Wednesday’s Top Analyst Upgrades and Downgrades: Masco, Micron, Plug Power, Smith & Wesson, Virgin Galactic and More

Wednesday’s top analyst upgrades and downgrades included Allegro, Jinkosolar, Masco, Micron Technology, Plug Power, Smith & Wesson and Virgin Galactic.